RIS Media

APRIL 8, 2022

Something can come up (such as an unanswered financial obligation or a significant purchase before the closing that changes the debt-to-income ratio) and put a home back. . Real Estate appraisals are usually completed when homes are bought via mortgage loans. Home inspection problems. Low appraisal.

Debt-to-income ratio 144

Debt-to-income ratio Title search Backup offer Home sale contingency 144

Redfin

MARCH 3, 2022

It’s recommended to get pre-approved before house hunting to give yourself a realistic idea of how much home you can afford ; however, a mortgage pre-approval doesn’t guarantee that your loan application will be approved. Give your loan officer full disclosure from the start – tell us everything.

Closing 63

Closing Title search Purchase and sale agreement Title 63

HomeLight

NOVEMBER 21, 2023

Enter the bridge loan, a potential lifeline in this complex process. This financial tool could be the missing piece that helps make your home-buying journey seamless and less burdensome. In this post, we’ll provide tips and insights about bridge loans in Pennsylvania, and how to Buy Before You Sell.

Equity 95

Equity Loans Debt-to-income ratio Home sale contingency 95

HomeLight

MARCH 31, 2023

DISCLAIMER: As a friendly reminder, this post is meant to answer the question, “What is a bridge loan?” If you need assistance navigating the use of a bridge loan, HomeLight always encourages you to reach out to your own advisor. Get Started What is a bridge loan, in simple words? Let’s dive in.

Loans 71

Loans Debt-to-income ratio Equity Finance 71

HomeLight

MARCH 31, 2023

DISCLAIMER: As a friendly reminder, this post is meant to answer questions about bridge loans in California and is intended for educational purposes, not financial advice. If you need assistance navigating the use of a bridge loan in California, HomeLight always encourages you to reach out to your own advisor.

Equity 77

Equity Loans Debt-to-income ratio Finance 77

HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Problem: You lost your job.

Closing 104

Closing Purchase and sale agreement Title Home sale contingency 104